Sabika Jewelry Review: Is It Legit or Scam?
This review is all about the Sabika Jewelry. Do you want to know if this MLM business is legit or just a scam? Are you curious if you can really earn from this opportunity? Well, I suggest that you read this review in order to learn more about it.
Company Name: Sabika Jewelry
Price to Join: $100 – $650
Owner: Karin Mayr
My Rating: 6.7 out of 10.0
What is the Sabika Jewelry?
Sabika Jewelry as the name suggests, is a multi-level marketing company that sells jewelry. The company offers a lot of products and they aren’t very expensive. Some products cost as low as $39 or $49 and that is not a lot of money for a piece of jewelry.
Obviously, there are some products that cost for $200 or more. The company offers a full refund within 3 days of the purchase and the customers also get a 2 year warranty. By the way, this was founded in the year 2001 by Karin Mayr.
In this review, I will take a closer look at this company and try to determine whether this is a scam or not. This is based on my honest research about it. I recommend that you read the entire review before thinking about joining this company.
How Does Sabika Jewelry Work?
Following are the ways of making money through the compensation plan.
Retail Sales: You will earn 20% profit on your retail sales as a Consultant. But you need to maintain $500 or more in retail orders in every rolling 3 month period to retain the active status.
You will also start earning a Personal Sales Bonus in addition to the profit on your retail sales when you qualify for the higher ranks. The Personal Sales Bonus can go as high as 10%. So you can earn around 30% commission from your retail sales.
Lifetime Personal Sponsoring Override: You will have to become a Bonus Qualified Consultant to earn this bonus. If you have $500 or more in personal retail sales in a month, then you will be considered bonus qualified. You will earn 4% bonus on the sales of each of your personally sponsored Consultants.
If you have $3,000 or more in personal sales in a month, then you will earn 5% bonus on the sales of each of your personally sponsored Consultants.
Personal Sales Consistency Bonus: You will need to sell $3,000 worth of products in retail sales per month for three consecutive months to earn this bonus. This bonus will pay you $500 at the end of the third month.
I think it would be very difficult to earn this bonus if you aren’t great at selling the products.
Central Team Override: This company like other MLM companies allows you to earn overrides on the directly and indirectly sponsored Consultants on your central team. They didn’t specify on what is the exact meaning of the central team, but I am assuming it simply means your team of consultants.
You will earn this bonus in the range of 3%-4% depending on your rank. Directors earn 3% Central Team Override while the ranks above Director earn 4% Central Team Override.
Generation Override: You can earn this bonus on the personal sales as well as the team sales of your first generation, second generation and third generation. Here is how this bonus is paid depending on the generation.
First Generation: 5%
Second Generation: 2.5%
Third Generation: 1.25%-1.5%
You will need to qualify for Gold Director to earn this bonus on all three generations.
There is one more way of making money and that is Director Promotion Bonus. It pays you $750 for maintaining your Director or higher rank qualification for three consecutive months for the first time.
The compensation plan becomes more complicated as you advance in the ranks. The qualifications does not only depend on you, but they also depend on your team. In simple words, you will not qualify for the higher ranks without making sure that your team progresses as well.
How Much Does It Cost to Join?
There are three kits and you have to buy one of the kits to get started. Following are the kits and their prices.
Sabika Basics Kit: $100
Sabika Boutique Kit: $250
Sabika Entrepreneur Kit: $650
You may also have to spend money on maintaining your rank, so it can get more expensive than you think. The cheapest kit is fine, but I don’t think that you should go for the more expensive ones if you decide to join.
How Much Can I Earn?
I found the Income Disclosure Statement of the company for the year 2016. It is only one year old, so it should give a good idea about the earnings that you can expect to earn. 95% of all working Consultants made an annual average income of $1,352. This figure is enough to show that most people aren’t going to make a good income through this company.
The figures in the Statement for 2016 are worse than the figures for 2014. The situation seems to have gone from bad to worse. Actually, almost all MLM companies have a high failure rate.
You need to remember that the $1,352 average annual income doesn’t include the expenses that were incurred by the Consultants. So the actual income must be much lower.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
Trying to break into a new area can be difficult.
While you may be at the top of the ladder as other consultants join your team, it can be hard to introduce the product to a new population.
In my opinion, Sabika Jewelry is not a scam. They still offer some helpful information on how you can have your own business.
On the other hand, I must say that they can still improve their compensation plan in order to make it simpler to understand. It offers great earning potential but only possible if you are determined in selling and recruiting. Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Teaches Entrepreneurial Skills
- Variety of Starter Packs
- Support can be improved
- Climb the ranks to earn more
I know that you want to join in Sabika Jewelry because you are already tired of not earning that much from your current job. I also feel that you want to have another source of income.
But let me tell you that this type of business is not that easy. You need to have great support in order to guide you throughout your journey.
On the other hand, if you are still looking for an effective way of earning, then you can also look into my personal choice. My best suggestion would be through making your own online business with a support from community. Basically it is a modern way of making money. And this will enable you to enjoy your working time at home.
Right now, I am on my second year in this community and I am already harvesting the fruits of my labor. So, I want to share my success with you.
If you have more questions and concerns about the Sabika Jewelry, feel free to comment it below and I would be glad to interact with you.
Let me hear your experiences and personal concerns on the comments below!